How Do Debtors in China Pay in Debt Collection?
Payment from a debtor in China is usually made by telegraphic transfer (T/T).
What Happens to You if Your Chinese Debtor Goes Bankruptcy?
Your Chinese debtor can no longer pay off its debts to you alone. You shall be paid together with all of its creditors. You also need to declare your creditor rights to its bankruptcy administrator.
What Happens to a Chinese Enterprise if It Goes Bankruptcy?
It will lose control over its assets and management, and will no longer be able to pay off any particular debt independently.
A Chinese Company Asks You to Pay to Its Bank Account outside China? It May Be a Scam.
Because it might deny afterward that it was its account, and thus that it received your payment.
Will Foreign Judgments Not Be Enforced in China Due to Public Policy?
Chinese courts will not recognize and enforce a foreign judgment if it is found that the foreign judgment violates basic principles of Chinese law or violates the public interest of China, no matter whether it reviews the application in accordance with the conditions set by the international or bilateral treaties, or on the basis of reciprocity.
Can Judgments From My Country Be Enforced in China?
The judgments of most of China’s major trading partners, including almost all common law countries as well as most civil law countries, can be enforceable in China.
Want to Sue a Chinese Company? Do You Have a Contract under Seal?
If you don’t have a contract with the seal of this Chinese company, this Chinese company may deny having transacted with you.
How Do Chinese Courts Examine Bankruptcy Applications?
The examination procedure of the court for accepting bankruptcy cases can be summarized into four stages: applying for bankruptcy, conducting formal examination, accepting the application and accepting the bankruptcy case.
2022 Guide to Enforce South Korean Judgments in China
2022 Guide to Enforce South Korean Judgments in China
Why You Need to Know Chinese Supplier’s Legal Name in Chinese?
Due to linguistic specificities of the Chinese language, different companies’ names in Chinese, according to their pronunciation, may be spelled exactly the same in English. It will be difficult for you to make a claim or collect a debt.
How Does Creditor File Bankruptcy for a Chinese Debtor?
If a creditor wishes to apply for bankruptcy of a Chinese debtor, it shall submit the following materials to the court.
2022 Guide to Enforce French Judgments in China
Can I sue Chinese companies in France and then enforce a French judgment in China?
Why Consistency between English and Chinese Versions of Trade Contract Matters?
This is because conflicting clauses in the different versions will be deemed to have no effect. Therefore, you should review each clause of the Chinese contract carefully.
How Does a Chinese Enterprise File Bankruptcy for Itself?
If a debtor files an application for bankruptcy, it shall submit the following materials to the court.
2022 Guide to Enforce US Judgments in China
2022 Guide to Enforce US Judgments in China Can I sue Chinese companies in the United States and then enforce a US judgment in China? …
Who Files Bankruptcy in China?
The following parties may apply for bankruptcy of the debtor: the debtor itself, creditors, liquidation obligors, relevant governmental authorities and employee creditors.
How to Search a Chinese Company’s Name?
A Chinese company has only one legal Chinese name. But they also use an English name, determined by their own, in international trade.
Which Entity Can Go Bankrupt in China?
Enterprises can all go bankrupt. In a few places, like Shenzhen, natural persons can go bankrupt. Chinese central and local governments and public institutions cannot go bankrupt. In addition, law firms cannot go bankrupt, either.
How Much Does It Cost to Sue a Company in China?
In China, court fees and attorney fees depend on the amount of your claim. But some fees are fixed, namely the cost of notarization and authentication of some documents in your country.
Why Is Getting A Chinese Company’s Registration Number So Important?
This allows you to identify exactly which Chinese company you are dealing with.